Hints and tips:
...The results come at a turbulent time for Musk and the electric vehicle sector....
...Tesla has asked its shareholders to approve moving its state of incorporation from Delaware to Texas, fulfilling chief executive Elon Musk’s promise in February after a Delaware court voided his $56bn pay...
...Elon Musk had identified a potential successor as Tesla chief executive in the past few months, company director James Murdoch told a Delaware court during testimony in a case brought by investors who claim...
...Investors, who are already digesting a steadily falling share price, disappointing sales figures, and a contentious plan to move company headquarters from Delaware to Texas, face another conundrum: whether...
...He had demanded a hefty financial incentive to grow the value of the electric-car maker, and it worked: Tesla became one of the world’s most valuable companies and his options ended up being worth $56bn....
...Attorneys for shareholders who defeated Elon Musk’s $56bn Tesla pay package have asked a Delaware state court to award them shares in the electric vehicle maker worth nearly $6bn as payment....
...Varallo convinced a Delaware judge that Musk’s $56bn pay package at his electric-car company Tesla should be voided, landing a massive dent in the billionaire’s net worth (don’t worry, he’s still rich)....
...In the X poll, 87.1 per cent of 1.1mn voters said the electric-car maker should change its state of incorporation....
...But that ballooned to $55.8bn after the electric-car maker hit financial performance and share price targets set out in the deal....
...Tesla must fix the software of more than 2mn US vehicles, its third major safety update in the space of three months, coming at the end of a fraught week for the US electric-car maker....
...Elon Musk’s $55bn pay package from Tesla has been voided by a Delaware judge, who ruled that the unprecedented remuneration was improperly approved by the electric-car maker’s board of directors and had...
...A Delaware judge has ruled Elon Musk has to forfeit $56bn of Tesla share awards from a long-term pay package, causing a storm at the electric-car maker and threatening to distract its boss from troubles...
...What losing $56bn in pay means for Musk On Tuesday, a Delaware court ruled Elon Musk must forfeit $56bn of Tesla share awards from a long-term pay package, a decision that will cause a storm at the electric-car...
...A trial in a Delaware court was expected to start on Monday....
...On Monday, a Delaware corporate law court ruled that a 2018 remuneration plan, worth as much as $55.8bn, was improperly awarded to the electric vehicle tycoon....
...SV Projects, the US-registered entity that Son used to buy the property, mortgaged the house to secure a ¥10bn loan — worth $92mn at the time — from Japanese bank Mizuho to SV America, another Delaware entity...
...and chief executive at their expense got under way in Delaware....
...The Delaware Supreme Court thinks not, DD’s Sujeet Indap explains....
...On Wednesday, the beleaguered richest man in the world was in Wilmington, Delaware, to be grilled as a witness in the Delaware Court of Chancery....
...Musk’s ownership of his electric vehicle company has dropped to 15 per cent....
...Twitter has sued Musk to force him to go through with the deal and a Delaware court is due to hear the case in early October....
...The deal “marked a vital step forward for a company [Tesla] that had for years made clear to the market and its stockholders that it intended to expand from an electric car manufacturer to an alternative...
...Twitter has pressed its stronger position by setting a Delaware trial for October....
...Drake described the Birkin bag bargain in her testimony in a Delaware courtroom and Lichtenstein, in his court appearance, confirmed the offer though disputed what his criteria were to award it....
...On the stand in the Delaware courthouse, Musk personally attacked the attorney cross-examining him, the prominent plaintiffs’ lawyer Randall Baron of Robbins Geller Rudman & Dowd, saying: “I think you are...
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